Liquidity (Details Narrative) - USD ($) |
3 Months Ended | 6 Months Ended | ||||
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Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
Dec. 31, 2015 |
Dec. 31, 2014 |
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Net loss | $ 1,294,305 | $ 1,487,378 | $ 3,277,891 | $ 2,653,288 | ||
Net cash provided by (used in) operating activities | 78,422 | (155,411) | (325,205) | (1,452,725) | ||
Cash and cash equivalents, at carrying value closing/ending balance | 6,618,921 | $ 632,032 | 6,618,921 | $ 632,032 | $ 8,039,562 | $ 1,048,660 |
Term loan and line of credit | $ 10,000,000 | $ 10,000,000 | ||||
Line of credit facility, expiration date | Sep. 01, 2018 | |||||
Term loan expiration date | Sep. 01, 2019 | |||||
November 2015 [Member] | ||||||
Issuance of preferred stock, net of fees and expenses | $ 4,700,000 | |||||
July, 2016 [Member] | ||||||
Issuance of preferred stock, net of fees and expenses | $ 1,400,000 |
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- Definition Date the term loan terminates, in CCYY-MM-DD format. No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Date the credit facility terminates, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Details
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